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Strait path laid for crude prices to travel downwardIndian refinery executives anticipate oil prices falling below $80 per barrel within weeks if a US-Iran agreement is signed Friday, reopeni...
US-Iran deal could leave Gulf states in the lurch: analystsGulf nations face a precarious future after Iran's attacks. A new deal offers only a temporary reprieve, leaving them vulnerable to regiona...
Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...
Fragile Iran deal offers oil relief, but Hormuz risks remainA deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes...
Shipping authority directs placement agencies to restrict deployment of Indians in conflict zoneIndian seafarers are being restricted from deployment to conflict zones. This directive follows a US military strike on a commercial vessel...
US-Iran war nearing end? Donald Trump says Sunday deal would reopen HormuzUS President Donald Trump announced a deal with Iran is set to be signed on Sunday. This agreement is expected to immediately reopen the St...
Shipowners on edge for news on Hormuz as ‘dark’ oil flows swellShipowners are closely monitoring a potential US-Iran peace deal and its implications for the Strait of Hormuz. While some express caution,...
Trump's seven objectives that remain unfulfilled as officials say Iran war could soon endAmerica is close to a deal with Iran to end the ongoing war. President Trump announced a memorandum of understanding is expected soon. Howe...
UAE denies reports of $3 billion transfer to Iran, calls claims "false and unfounded"The United Arab Emirates has strongly refuted claims of transferring USD 3 billion to Iran. The Ministry of Foreign Affairs stated these re...
UAE to unlock billions of dollars for Iran, sources sayUS-Iran war: The United Arab Emirates is set to release billions of dollars to Iran. This move follows weeks of Iranian attacks on the UAE....
UAE and Iran conduct first face-to-face meeting to try deescalating Middle East tensionsUS-Iran war: Senior security officials from the United Arab Emirates and Iran met face-to-face for the first time since the US-Israeli war ...
India is set to rewrite its oil destiny, moving from risk to leverageIn a landmark agreement, India is teaming up with the UAE to significantly increase its oil reserves, transitioning into a strategic player...
Gulf countries act as propellants for SpaceX IPO as billions flow inSaudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, th...
Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon tiesAfter a five-year hiatus, Saudi Arabia is reopening its market to Lebanese imports, a decision that stemmed from previous drug smuggling ap...
OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...
What is the US Fifth Fleet, America’s backbone in the Middle East and why is it under Iran’s attack?Iran's IRGC claimed to have targeted the US Navy's Fifth Fleet headquarters in Bahrain amidst escalating tensions. This naval command, cruc...
Iran says Gulf nations have 'responsibility' to halt US, Israeli strikesIran's foreign ministry warned Wednesday that its neighbours in the Gulf had a "legal and moral responsibility" to prevent American and Isr...
From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
Dubai luxury hotels woo staycationers as tourists fleeOnce reserved for wealthy travellers, Dubai's top-notch hotels have become almost exclusively reliant on residents, drawn in by dizzying st...
A new exchange of fire with Iran tests fragile ceasefireTensions flare as Iran launches missiles and drones towards Bahrain and Kuwait. These attacks were intercepted. The US responded by strikin...